NEW DELHI: The finance ministry has sent its comments to the Reserve Bank of India on the proposed norms for the issue of licences to new private sector banks, raising hopes that the central bank may come up with the final guidelines soon.
The ministry has proposed that the RBI should clearly define 'promoter', besides suggesting an appropriate banking structure in the country with a few national and international level banks at the top, an official familiar with the matter told ET. The ministry has also suggested that the RBI drop the condition that restricts promoters with exposure to stockbroking and real estate from seeking bank licences, added the official, who did not wish to be named.
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